Skip to main content

Disaster Recovery as a Service Market to Register Steady Growth By 2026

 

The pandemic situation has brought a positive impact on disaster recovery as a service market. The market is predicted to grow significantly in the forecast period despite the pandemic COVID-19 situation. The primary factor for the growth of DRaaS before COVID -19 was due to the rising demand by most organizations for its cost effectiveness and greater flexibility. The factor which affects the positive growth of the disaster recovery as a service is the lockdown and most of the organizations implementing work from home. However, data breach is considered to be the major restraint for the market. Implementation of artificial intelligence in DRaaS is predicted to create vast opportunity for the DRaaS Market in the forecast period. For instance, TM One launched cloud alpha promotion for business at the time of bleeding economy stating #stayproductive during the quarantine time by urging people to stay home and work from home.

Our report includes:

  • Technological Impact
  • Social Impact
  • Investment Opportunity Analysis
  • Pre- & Post-COVID Market Scenario
  • Infrastructure Analysis
  • Supply Side & Demand Side Impact

Get | Download PDF Sample Report@ https://www.researchdive.com/download-sample/186

As per a new report published by Research Dive, the DRaaS is set to generate a revenue of $57,133.1 million by 2026, at a CAGR of 42.9% during the forecast period from 2019 to 2026. The segmentation of the market has been done on the basis of component, solution, service, providers, organization size, verticals and region. The report provides in-depth insights on drivers, vital segments, opportunities, restraints, and key players of the market. As per our analysts, Cost effectiveness and greater flexibility is predicted to drive the Disaster Recovery as a Service Market. Moreover, data Breach and security is considered to be the major restraints for the disaster recovery as a service market.

Solution Type, Backup Services Type, Cloud Service Provider, Small and medium business, Media and entertainment is predicted to be the most profitable segments in the market 

Depending on the component, the market is segmented into solution and service. The solution type component in disaster recovery as a service market accounted for $2,148.1 million in 2018 and is predicted to grow with a CAGR of 37.7% in the forecast period. Most of the enterprises optimize the data and improve the efficiency of the storage system with the use of solution provided by DRaaS, which is predicted to boost the segment in the forecast period 

Depending on the solution, the market is segmented into real time replication, backup solution, data security & compliance, and disaster recovery planning & testing. The backup services type accounted for $837.0 million in 2018 and is predicted to grow with a CAGR of 38.8% in the forecast period.

Depending on the service, the market can be segmented into cloud service provider, managed service provider, telecom and communication service provider and others. The managed service providers segment accounted for $389.9 million in 2018 and is predicted to grow with a CAGR of 53.9% in the forecast period.

Depending on the provider, the market is segmented into cloud service provider, telecom and communication service provider and disaster recovery service provider. Cloud service provider segment accounted for $1,934.5 million in 2018 and is predicted to grow with a CAGR of 40.5% in the forecast period. Cloud allows to store data virtually and can be accessed anywhere due to which it is predicted to boost the cloud segment in the forecast period.

Depending on the organization size, the market can be segmented into small & medium enterprises and large enterprises. The small and medium business market was accounted for $1,112.3 million in 2018 and is predicted to grow with a CAGR of 50.7% in the forecast period.

Depending on the vertical, the market can be segmented into BFSI, Education, Government, Healthcare, Manufacturing, Media & Entertainment, Telecommunication & IT, Retail and Wholesale, Transportation and Logistics and Others. Media and Entertainment accounted for $359.7 million in 2018 and is predicted to grow with a CAGR of 48.1% in the forecast period.

Expert Analyst Study case of COVID-19 Impact on disaster recovery as a service market@ https://www.researchdive.com/connect-to-analyst/186

Geographical Analysis and Major Market Players

On the basis of region, the global disaster recovery as a service market is segmented into North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific region for the disaster recovery as a service market accounted for $851.7 million in 2018 and is predicted to grow with a CAGR of 48.6% in the forecast period. Shifting of major tech companies in the region and the government initiatives for the establishing new companies is predicted to boost the region market in the forecast period. 

The top market players in the disaster recovery as a service market include

  1. IBM Corporation
  2. HP Development Company
  3. L.P., Amazon Web Services, Inc.
  4. Cable & Wireless Communications Limited.
  5. TierPoint, LLC.
  6. Microsoft
  7. VMware Inc.
  8. NTT Communications Corporation
  9. RACKSPACE US, INC., among others.
Labels:

Comments

Post a Comment

Popular posts from this blog

Business analytics software increasing due to Low Cost & Enhanced Usability

  Business analytics software   conducts predictive analysis to derive decision-making inputs and insights through the application of statistical tools and methods in business performance data. It analyzes business data and information through continuous investigation and exploration of old business performance data to obtain decisive insights for business planning. A business analytics software helps an organization to optimize business operations and facilitates strategic decision-making. The outputs are mostly used by financial analysts, managers, security personnel, and key decision makers of organizations. The demand for cloud-based business analytics software is increasing among small- and medium-sized enterprises chiefly due to its low cost and enhanced usability. Request for Sample Copy @  https://bit.ly/3gRxTjw The growth of the global business analytics software market is driven by factors such as increase in adoption of business analytics software by multiple o...
Post a Comment
Read more

Generative AI: A Catalyst for Industrial Revolution

  Hype of Generative AI Generative AI is not just a fleeting trend; it's atransformative force that's been captivating global interest. Comparable in significance to the dawn of the internet, its influence extends across various domains, altering the way we search, communicate, and leverage data. From enhancing business processes to serving as an academic guide or a tool for crafting articulate emails, its applications are vast. Developers have even begun to favor it over traditional resources for coding assistance. The term Retrieval Augmented Generation (RAG), introduced by Meta in 2020 ( 1 ), is now familiar in the corporate world. However, the deployment of such technologies at an enterprise level often encounters hurdles like task-specificity, accuracy, and the need for robust controls. Why enterprises struggle with Industrializing Generative AI Despite the enthusiasm, enterprises are grappling with the practicalities of adopting Generative AI. According to survey by  MLI...
Post a Comment
Read more

Airline Booking Platform boosting in Europe Country

  Europe leads the   airline booking platform   market by region. European region consists of highly developed countries, which are witnessing high growth in their airline sector. With more than 20,000 flights a day and approximately 500 million passengers flying every year, Europe accredits to have the world’s busiest airspace. The economic stability in the region is helping the airliners and the booking platform providers to focus on providing various travel services to enhance the passenger’s experience. The Europe market is witnessing significant growth during the forecast period. For Holistic Research Report Click here @  https://bit.ly/3nOjUhh The airline sector is witnessing the high number of travelers from the North American region. The rate almost twice that of visitors from the Americas and Europe over the past ten years. Increasing disposable income especially in the US and Canada along with rising time constraints among the US and Canadian individuals ha...
Post a Comment
Read more